Imagine if Pompey had bought a player off us for Â£3m and still owed us the cash. Not only would pompey have an advantage over us because they were playing players who they couldn't afford, we'd also have been affected by the loss of the Â£3m. A doubly uneven playing field for us.

HMRC (and hence the public purse) missing out and only ending up with 10p in the pound or whatever is due to the new bankruptcy rulings that were brought in not so long ago that stopped HMRC being a preferred creditor with the intention of being able to keep more businesses going after entering administration.

It makes sense if you're involved in football aggi, but is there any justification for it in the context of the real world ? Supposing, as in your example, they owed us Â£3m and they also owed a local building company Â£3m for some reconstrucion work they'd done on the ground.

Why should we get the full Â£3m while the building company has to settle for possibly 1p in the Â£ and has to put half their work force on the dole, or possibly go into admin themselves ?

Simple really, if it didn't exist you'd be careful who you entered into credit agreements with over players - also wouldn't the players ownership effectively revert to the original club?

Hard to be sure but the rule needs removing and clubs need to start paying for transfers in full up front. Also its removal might make players think twice when negotiating wages and indeed whether they in fact want to move!

"A truthâ€™s initial commotion is directly proportional to how deeply the lie was believed. It wasnâ€™t the world being round that agitated people, but that the world wasnâ€™t flat. When a well-packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous and its speaker a raving lunatic."

"The ideal tyranny is that which is ignorantly self-administered by its victims. The most perfect slaves are, therefore, those which blissfully and unawaredly enslave themselves."

You could argue that the other companies should be doing their due diligence, obtaining more favourable terms, etc as well at the moment.

Personally, I'm not overly fussed about the football creditors rule, I don't think that its existence or otherwise really influences whether clubs overspend and go into administration.

What we really need is far stricter penalties for administration, relegation by one tier in addition to league placing for instance, disqualified from the cup, that kind of thing. That's what we need to get clubs sorting themselves out. 10 points is minimal over the course of a 138 point season.

I think the issue Aggi is that because it exists then these 'creditors' also vote on the CVA - as they get 100% they are not going to vote against. This can mean that ordinary creditors views don't get reflected fairly.

I'm not saying it makes them over spend but it does make players sign contracts without worrying whether they can be afforded and indeed clubs do transfer deals without concerning themselves with how it will ultimately be paid for.

As for other creditors doing due diligence - my only gripe with this is many are small businesses possibly without the resource, knowledge to effectively do this, the other real loser is the public who don't have a choice. Perhaps what we need is new tax payment rules for clubs - i.e you have to pay over your VAT and PAYE etc every month - miss one month and you are no longer allowed to trade until the missed payment is made because HMRC don't have the luxury of due diligence.

"A truthâ€™s initial commotion is directly proportional to how deeply the lie was believed. It wasnâ€™t the world being round that agitated people, but that the world wasnâ€™t flat. When a well-packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous and its speaker a raving lunatic."

"The ideal tyranny is that which is ignorantly self-administered by its victims. The most perfect slaves are, therefore, those which blissfully and unawaredly enslave themselves."

I do agree that a club needs to be made an example of, and the bigger the better, but if Rangers are the ones that are made an example of after what's gone on at Portsmouth in recent years then that stinks for me.

I cant honestly say I've seen that Fullege, some schadenfreude maybe but not any sectarianism

"A truthâ€™s initial commotion is directly proportional to how deeply the lie was believed. It wasnâ€™t the world being round that agitated people, but that the world wasnâ€™t flat. When a well-packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous and its speaker a raving lunatic."

"The ideal tyranny is that which is ignorantly self-administered by its victims. The most perfect slaves are, therefore, those which blissfully and unawaredly enslave themselves."

As a Celtic follower I really feel sorry for the fans of Glasgow Rangers.
I have many friends who are diehard Rangers fans and this action by the SFA will hurt them even though they have done nothing wrong.
The only person who should be punished is Craig White, who is already laughing at the SFA and their plastic fine.
Fulledge, if my earlier post is one of the ones you are talking about I can assure you it was meant as a comment on the farcical situation as it stood, with no sectarianism attached.
LS1882 I take no pleasure at all from Rangers dire situation

Makes no odds to me either way Oz, I'm not Scottish and what happens up there only bothers me if it impacts on Burnley (if for example they owed us money)

That said I don't see much of a future for Scottish League Football without the Rangers/Celtic axis. No TV company is going to be vaguely interested for a start so revenues will drop again.

Celtic and Scottish football need a strong Rangers - and vice versa.

Maybe Rangers will seriously consider taking this opportunity to join the English leagues - now that would cause the SFA some headaces

"A truthâ€™s initial commotion is directly proportional to how deeply the lie was believed. It wasnâ€™t the world being round that agitated people, but that the world wasnâ€™t flat. When a well-packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous and its speaker a raving lunatic."

"The ideal tyranny is that which is ignorantly self-administered by its victims. The most perfect slaves are, therefore, those which blissfully and unawaredly enslave themselves."

ITS NOT GOOD FOR SCOTLAND OR UK , AND OTHER BOADERS CLUBS- Scotland /-ENGLAND. YET THA LAST PM and before aND BEFORE AND BEFORE OF UK {HAVE ET US DOWN{ UK. a'GOT A SCOTTISH NANE CAMERON OF CAMPBELL TRuST None NA.

I sincerely hope they do go under,a team famous for tribalism, hatred, bigotry, I would also like to see celtic in similar financial mess.Two horrendous sets of thug, and thick supporters vying for the same trophies year in, year out.the worst aspects of football fandom and social division all wrapped up in tricolours and union jacks. They stink.

RANGERS Goin Bust is not good for Scottish Football OR SCOTLAND OR BRITTAIN/-UK. WI the Bank SCOTLAND/- RBS AND tha over foottee club gong FACE -UP, its NOT GOOD FOR SCOTLAND OR YOU INGURLISH FULL STOP. LETS FACE THA FUTURE TOGETHER HAS ONE

THey keep mentioning on TV, that if Rangers get liquidated the "phoenix" club would have 10 points deducted in the Premier League so not sure if they're saying Rangers will still be in the top division whatever happens?

I sincerely hope they do go under,a team famous for tribalism, hatred, bigotry, I would also like to see celtic in similar financial mess.Two horrendous sets of thug, and thick supporters vying for the same trophies year in, year out.the worst aspects of football fandom and social division all wrapped up in tricolours and union jacks. They stink.

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